In 2024, Equatorial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Equatorial has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 923,445.1a | 380,464.5a | 1,181,375.9a | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 345,051.8a | 367,842.5a | 1,777,946a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 132.1538a | 46.7334a | 238.1275a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Equatorial amounted to 1,274,948.6 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Equatorial increased by 105.61%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Equatorial were 923,445.1 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Equatorial's Scope 1 emissions have decreased by 43.29%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Equatorial's Scope 1 emissions increased by 142.72%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Equatorial reported Scope 2 greenhouse gas (GHG) emissions of 351,503.5 tCO₂e using the location-based method.a
Compared to the previous year (2023), Equatorial's Scope 2 emissions (Location-Based) rose by 46.7% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Equatorial reported its Scope 2 emissions using the location-based method.a
In 2024, Equatorial reported 345,051.8 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Equatorial includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Equatorial reported total Scope 3 emissions of 345,051.8 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Equatorial's Scope 3 emissions have decreased by 62.09%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Equatorial's Scope 3 emissions remained relatively stable, indicating that Equatorial's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Equatorial reported Scope 1 greenhouse gas (GHG) emissions of 923,445.1 tCO₂e and total revenues of USD 6,988 millions. This translates into an emissions intensity of 132.15 tCO₂e per millions USD.a
In 2024, Equatorial reported a Scope 1 emissions intensity of 132.15 tCO₂e per millions USD. Compared to the peer group median of 594.63, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Equatorial ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Equatorial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Equatorial reported a total carbon footprint of 1,620,000.4 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 63.98% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Equatorial's total carbon footprint was Scope 1 emissions, accounting for 57% of the company's total carbon footprint, followed by Scope 2 emissions at 21.7%.a